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1. What is the size of the Town’s budget?

The adopted 2014 to 2015 Town budget totals $110,083,292. This compares to $106,058,696 in 2013 to 2014 or an increase of 3.8%.

The adopted 2015 to 2016 Town budget totals $113,594,454. This compares to $110,083,292 in 2014 to 2015 or an increase of 3.2%.

The adopted 2016-2017 Town budget totals $115,616,482. This compares to $113,594,454 in 2015-16 or an increase of 1.8%.

The adopted 2017-2018 Town budget totals $115,858,962. This compares to $115,616,482 in 2016-17 or an increase of 0.2%.

For more information, please call 860-665-8520.

2. What is the town’s mill rate?

For current and historic Mill rates, please refer to Historical Grand Lists and Mill Rates (PDF)  

For more information, please call 860-665-8520.

3. What is the Towns credit rating?

The Town actually carries two credit ratings: one from Moody’s Investors Service is Aa2 and the other from Standard and Poor’s which is AA+. The Town's credit rating was upgraded in 2010 by Moody's Investor Services during a global re-calibration of ratings. The Town's credit rating was last upgraded in 2014 by Standard and Poor's Ratings Services based on the implementation of its local General Obligation criteria. The ratings were last reviewed in February 2014. For more information, please call 860-665-8520.

4. What is the total amount of general obligation bonds outstanding?

As of June 30, 2017, the Town will have $5,220,000 in bonds outstanding. The Town refunded $9.8 million of bonds in February 2013. Its last bond sale was in June 2005, in the amount of $3.7 million to fund improvements to the expansion and renovation to the Newington Police station.

The Town made principal payments during the 2016-17 fiscal year totaling $1.035 million. The Town had no bonds authorized but unissued at June 30, 2016.

For more information, please call 860-665-8520.

5. How much does the town pay out annually in debt service for these bonds?

The Town will pay out $1,676,931 of which $1.445 million is for principal and $231,931 for interest in 2014 to 2015. 

The Town will pay out $1,227,831 of which $1.04 million is for principal and $187,831 for interest in 2015 to 2016.

The Town will pay out $1,191,631 of which $1.035 million is for principal and $156,631 for interest in 2016-17.

The Town will pay out $1,150,581 of which $1.025 million is for principal and $125,581 for interest in 2017-18.

For more information, please call 860-665-8520.

6. What is the Town’s tax collection rate?

The Town’s collection rate averages about 98.6% each year. For more information, please call 860-665-8520.

7. How much does the Town pay to the Metropolitan District Commission for sewer services?

In 2014 to 2015, the Town will pay $3.217 million for these services. 

In 2015 to 2016, the Town will pay $3.404 million for these services.

In 2016-17, the Town will pay $3.659 million for these services.

In 2017-18, the Town will pay $3.915 million for these services.

For more information, please call 860-665-8520.

8. How much money does the Town receive from the State of Connecticut?

In 2016-17, the Town is expected to receive about $20.0 million or approximately 17.3% of its operating budget from the State of Connecticut. Of this amount $2.6 million is for payment in lieu of taxes for exempt facilities in the Town. The largest grant is from the Educational Cost Sharing (ECS) grant which totals $13.2 million.

For more information, please call 860-665-8520.

9. How much is the budget of the Board of Education and what percent is it of the total budget?

The Education budget is $63.3 million and comprises 61% of the Town budget for the 2012-13 fiscal year.

The Education budget is $66.1 million and comprises 62% of the Town budget for the 2013-14 fiscal year.

The Education budget is $68 million and comprises 62% of the Town budget for the 2014-15 fiscal year.

The Education budget is $69.8 million and comprises 62% of the Town budget for the 2015-16 fiscal year.

The Education budget is $70.2 million and comprises 61% of the Town budget for the 2016-17 fiscal year.

The Education budget is $70.4 million and comprises 61% of the Town budget for the 2017-18 fiscal year.

For more information, please call 860-665-8520.

10. When will the Town audit be available?

The Town audits for the periods ending June 30th, 2016 & several previous years are available online.

Each year, the Town audit report for the period ending June 30th will be available after December 31st.

For more information, please call 860-665-8520.